4533-4547 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$3,600,000 USD
773-220-4669
4533-4547 S Calumet Ave, Chicago, IL for Sale
$3,600,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

4533-4547 S Calumet Ave
Chicago, IL 60653
Bronzeville


OVERVIEW

25-Unit Multifamily Investment | Bronzeville, Chicago Exceptional opportunity to acquire a 25-unit, 95% occupied multifamily asset in the heart of Chicago’s rapidly growing and historic Bronzeville corridor. This classic brick building features all 3-bedroom, 1-bathroom units, with rents currently ranging from $1,900 to $2,400, offering strong in-place income from day one. Select units include guaranteed CHA rents, providing immediate and reliable cash flow for investors. Recent capital improvements include a new boiler, water heater, and updated electrical systems, minimizing near-term capital expenditures. Positioned in a high-demand location, this asset presents both stable cash flow and value-add upside through continued rent growth and full stabilization. Conveniently located just 10 minutes from downtown Chicago, with easy access to transportation and ongoing neighborhood development.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

24

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1886

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,626 SF

ZONING

RM-5

APN/PARCEL ID

20-03-317-009-0000,20-03-317-010-0000

ASK ABOUT THIS PROPERTY

Amanda StapletonBlue Door Dave IncMore Info
773-220-4669

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Amanda StapletonBlue Door Dave IncMore Info
773-220-4669

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.